The law of supply says that when the price of computers rises, the quantity supplied of computers rises.

Question

Quizplus · Accepted Answer

This is a correct statement of the law of supply. When the price of a good or service increases, producers are willing to supply more of that good or service in order to take advantage of the higher price. According to the law of supply, there is a direct relationship between the price of a good and the quantity supplied. When the price of a good rises, suppliers are willing to produce and offer more of it for sale, as they can earn high profits. Therefore, the statement is true.

The Law of Supply Says That When the Price of Computers